Ask your own question, for FREE!
Business Skills 9 Online
OpenStudy (anonymous):

An expense by definition is NOT: A. an amount a business must pay in the future. B. an outflow of cash. C. the use of other assets. D. the incurring of a liability.

OpenStudy (tanya123):

D. the incurring of a liability.

OpenStudy (anonymous):

thats wrong. thats what ithought to begin with and the teacher marked it wrong:/

OpenStudy (anonymous):

answer is A. An amount a business must pay in the future. For that it's accounts payable. The other three answer pertains to an expense

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!